De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
plano
Latest News & Analysis
Financial Markets
JC Penney Reports Smaller Loss in 2Q as Sales Improve
JC Penney reported a smaller loss in the second quarter as the department store operator's sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store.
JC Penney Reports Smaller Loss in 2Q as Sales Improve
JC Penney reported a smaller loss in the second quarter as the department store operator's sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store.
Financial Markets
J.C. Penney Revenue Misses Estimates, Extending Retail Woes
J.C. Penney Co. posted first-quarter revenue that trailed analysts’ estimates, becoming the latest US retailer affected by a consumer malaise that’s weighing on department-store sales.
J.C. Penney Revenue Misses Estimates, Extending Retail Woes
J.C. Penney Co. posted first-quarter revenue that trailed analysts’ estimates, becoming the latest US retailer affected by a consumer malaise that’s weighing on department-store sales.
Financial Markets
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
Financial Markets
J.C. Penney Posts Smaller Loss as Sephora, Menswear Drive Sales
J.C. Penney Co. posted a second-quarter loss that was smaller than analysts estimated as sales of men’s clothing and Sephora cosmetics boosted sales.
J.C. Penney Posts Smaller Loss as Sephora, Menswear Drive Sales
J.C. Penney Co. posted a second-quarter loss that was smaller than analysts estimated as sales of men’s clothing and Sephora cosmetics boosted sales.
ADVERTISEMENT
Financial Markets
J.C. Penney Results Raise Concerns About Comeback
J.C. Penney Co. shares tumbled the most in six months after first-quarter sales growth trailed analysts’ estimates, raising doubts about the department store chain’s attempted turnaround.
J.C. Penney Results Raise Concerns About Comeback
J.C. Penney Co. shares tumbled the most in six months after first-quarter sales growth trailed analysts’ estimates, raising doubts about the department store chain’s attempted turnaround.
Financial Markets
J.C. Penney Posts Quarterly Loss After Holiday Discounting
J.C. Penney Co., the department-store chain in the midst of a turnaround, swung to a loss in the fourth quarter, amid increased discounting during the holiday season. The shares fell.
J.C. Penney Posts Quarterly Loss After Holiday Discounting
J.C. Penney Co., the department-store chain in the midst of a turnaround, swung to a loss in the fourth quarter, amid increased discounting during the holiday season. The shares fell.
Retail
Big Box Retailer Pounces on J.C. Penney’s Closed Stores
When J.C. Penney Co. announced this month that it would shut 40 US stores, At Home Group Inc. saw an opening. Executives at the retail chain called J.C. Penney within a few hours to express interest in buying some of them.
Big Box Retailer Pounces on J.C. Penney’s Closed Stores
When J.C. Penney Co. announced this month that it would shut 40 US stores, At Home Group Inc. saw an opening. Executives at the retail chain called J.C. Penney within a few hours to express interest in buying some of them.
ADVERTISEMENT
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.